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Exercise 4 - 2 6 ( Algorithmic ) ( LO . 4 ) Determine the taxable amount of Social Security benefits for the following situations.

Exercise 4-26(Algorithmic)(LO.4)
Determine the taxable amount of Social Security benefits for the following situations.
If required, round your answers to the nearest dollar. If an amount is zero, enter "0".
a. Tyler and Candice are married and file a joint tax return. They have adjusted gross income
of $39,000 before considering their Social Security benefits, no tax-exempt interest, and
$13,650 of Social Security benefits. As a result, $
of the Social Security
benefits are taxable.
b. Assume Tyler and Candice have adjusted gross income of $15,400 before considering their
Social Security benefits, no tax-exempt interest, and $16,940 of Social Security benefits. As a
result, $
of the Social Security benefits are taxable.
c. Assume Tyler and Candice have adjusted gross income of $98,500 before considering their
Social Security benefits, no tax-exempt interest, and $14,775 of Social Security benefits. As a
result,
of the Social Security benefits are taxable.
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